Governance should help ensure that the objectives of an entity's stakeholders are met. Stakeholders include

1. Employees

2. Regulators

3. Suppliers

4. Customers

		1 and 4 only
		2 and 3 only
		2, 3 and 4 only
		1, 2, 3 and 4

2 points

QUESTION 4

Which of the following is Not a requirement to issue Emphasis- of- Matter in auditing and where emphasis of matter becomes necessary?

		Emphasis of matter necessary is a paragraph included in the auditor's report that is required by International Financial Reporting council or the US GAAP.
		Emphasis of matter is issued to help the user pay more attention to a certain aspect of the report footnotes instead of the actual financial statement.
		Emphasis of matter necessary is a paragraph included at the auditor's discretion, and that refers to a matter appropriately presented or disclosed in the financial statements.
		Emphasis of matter is necessary if the auditor finds something that might affect the users understanding of the report, they will issue another paragraph called emphasis of matter.